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All Other Interested Parties
Common Crop Insurance Policy & Area Risk Protection Insurance 1
The 2023 CY projected prices shown below are approved for the following plans of insurance: Yield Protection, Area Yield Protection, Revenue Protection, Area Revenue Protection, Revenue Protection with Harvest Price Exclusion, and Area Revenue Protection with the Harvest Price Exclusion. The 2023 CY volatility factors shown below are approved for the following plans of insurance: Revenue Protection, Area Revenue Protection, Revenue Protection with Harvest Price Exclusion, and Area Revenue Protection with the Harvest Price Exclusion. The projected prices and volatility factors apply to policies with a February 28 sales closing date, unless otherwise indicated, and are applicable for the crops, types, practices, and states indicated below:
| Crop/Type/Practice/State | Exchange | Contract | Projected Price | Volatility Factor |
|---|---|---|---|---|
| Corn Alabama, Florida, Georgia, Louisiana, and South Carolina | CBOT | September Corn | $6.09 per bushel | 0.17 |
| Corn - Organic Practice Alabama, Florida, Georgia, Louisiana, and South Carolina | CBOT | September Corn | $11.44 per bushel | 0.17 |
| Corn Arkansas and Mississippi | CBOT | December Corn | $5.94 per bushel | 0.17 |
| Corn - Organic Practice Arkansas and Mississippi | CBOT | December Corn | $11.16 per bushel | 0.17 |
| Corn North Carolina | CBOT | December Corn | $5.94 per bushel | 0.17 |
| Corn - Organic Practice North Carolina | CBOT | December Corn | $11.16 per bushel | 0.17 |
| Corn Arizona, California, and Nevada | CBOT | December Corn | $5.94 per bushel | 0.19 |
| Corn - Organic Practice Arizona, California, and Nevada | CBOT | December Corn | $11.16 per bushel | 0.19 |
| Cotton 2 All States | ICE | December Cotton | $0.85 per pound | 0.23 |
| Cotton - Organic Practice 2 All States | ICE | December Cotton | $1.37 per pound | 0.23 |
| Grain Sorghum Alabama, Florida, Georgia, and South Carolina | CBOT | December Corn | $5.87 per bushel | 0.16 |
| Grain Sorghum - Organic Practice Alabama, Florida, Georgia, and South Carolina | CBOT | December Corn | $12.28 per bushel | 0.16 |
| Grain Sorghum Arkansas, Louisiana, and Mississippi | CBOT | December Corn | $5.87 per bushel | 0.17 |
| Grain Sorghum - Organic Practice Arkansas, Louisiana, and Mississippi | CBOT | December Corn | $12.28 per bushel | 0.17 |
| Grain Sorghum Arizona, California, and North Carolina | CBOT | December Corn | $5.87 per bushel | 0.19 |
| Grain Sorghum - Organic Practice Arizona, California, and North Carolina | CBOT | December Corn | $12.28 per bushel | 0.19 |
| Peanuts - Runner Type Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, Missouri, North Carolina, South Carolina, and Texas | CBOT/ ICE | December Wheat, Cotton, Soybean Oil, and Soybean Meal | $0.2677 per pound | 0.16 |
| Peanuts - Spanish Type Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, and Texas | CBOT/ ICE | December Wheat, Cotton, Soybean Oil, and Soybean Meal | $0.4791 per pound | 0.16 |
| Peanuts - Virginia Type Alabama, Florida, Georgia, Mississippi, North Carolina, and South Carolina | CBOT/ ICE | December Wheat, Cotton, Soybean Oil, and Soybean Meal | $0.2971 per pound | 0.16 |
| Popcorn March 15 Sales Closing Date Alabama | CBOT | September Corn | $0.2619 per pound | 0.17 |
| Popcorn - Organic Practice March 15 Sales Closing Date Alabama | CBOT | September Corn | $0.3770 per pound | 0.17 |
| Rice - Long Grain Type 3 Louisiana | CBOT | September Rice | $0.169 per pound | 0.10 |
| Rice - Long Grain Type; Organic Practice Louisiana | CBOT | September Rice | $0.226 per pound | 0.10 |
| Rice - Medium/Short Grain Types Louisiana | CBOT | September Rice | $0.255 per pound | 0.10 |
| Rice - Medium/Short Grain Types; Organic Practice Louisiana | CBOT | September Rice | $0.343 per pound | 0.10 |
| Rice - Long Grain Type 3 Arkansas, Mississippi, and Texas | CBOT | November Rice | $0.169 per pound | 0.11 |
| Rice - Long Grain Type; Organic Practice Arkansas, Mississippi, and Texas | CBOT | November Rice | $0.226 per pound | 0.11 |
| Rice - Medium/Short Grain Types Arkansas, Mississippi, and Texas | CBOT | November Rice | $0.255 per pound | 0.11 |
| Rice - Medium/Short Grain Types; Organic Practice Arkansas, Mississippi, and Texas | CBOT | November Rice | $0.343 per pound | 0.11 |
| Rice - Long Grain Type California, Oklahoma, and Tennessee | CBOT | November Rice | $0.169 per pound | 0.11 |
| Rice - Long Grain Type; Organic Practice California, Oklahoma, and Tennessee | CBOT | November Rice | $0.226 per pound | 0.11 |
| Rice - Medium/Short Grain Types California | CBOT | November Rice | $0.330 per pound | 0.11 |
| Rice - Medium/Short Grain Types; Organic Practice California | CBOT | November Rice | $0.441 per pound | 0.11 |
| Rice - Medium/Short Grain Types Oklahoma and Tennessee | CBOT | November Rice | $0.255 per pound | 0.11 |
| Rice - Medium/Short Grain Types; Organic Practice Oklahoma and Tennessee | CBOT | November Rice | $0.343 per pound | 0.11 |
| Soybeans Arkansas, Louisiana, Mississippi, and Texas | CBOT | November Soybeans | $13.65 per bushel | 0.14 |
| Soybeans - Organic Practice Arkansas, Louisiana, Mississippi, and Texas | CBOT | November Soybeans | $28.06 per bushel | 0.14 |
| Soybeans Alabama, Florida, Georgia, North Carolina, and South Carolina | CBOT | January (2024) Soybeans | $13.69 per bushel | 0.14 |
| Soybeans - Organic Practice Alabama, Florida, Georgia, North Carolina, and South Carolina | CBOT | January (2024) Soybeans | $28.15 per bushel | 0.14 |
1 Projected Prices and Volatility Factors are applicable for the Enhanced Coverage Option (ECO) and the Supplemental Coverage Option (SCO), where available. | ||||
Margin Protection
The following 2023 CY margin projected prices and volatility factors are approved for the Margin Protection plan. The margin projected price is used in conjunction with projected input prices and the expected county yield to derive the expected margin (per acre), trigger margin (per acre) and liability. The expected margins for each crop/county are available at the following: webapp.rma.usda.gov/apps/actuarialinformationbrowser/.
Please see the following for program details: www.rma.usda.gov/Policy-and-Procedure/Insurance-Plans/Margin-Protection-for-Corn-Rice-Soybeans-and-Wheat
| Crop/Type | Exchange | Contract | Margin Projected Price | Volatility Factor |
|---|---|---|---|---|
| Rice - Long Grain Type and No Type Specified Louisiana | CBOT | September Rice | $0.169 per pound | 0.10 |
| Rice - Medium/Short Grain Types Louisiana | CBOT | September Rice | $0.255 per pound | 0.10 |
| Rice - Long Grain Type and No Type Specified Arkansas, Mississippi, and Texas | CBOT | November Rice | $0.169 per pound | 0.11 |
| Rice - Medium/Short Grain Types Arkansas, Mississippi, and Texas | CBOT | November Rice | $0.255 per pound | 0.11 |
| Rice - Long Grain Type and No Type Specified California and Missouri | CBOT | November Rice | $0.169 per pound | 0.11 |
| Rice - Medium/Short Grain Types California | CBOT | November Rice | $0.330 per pound | 0.11 |
| Rice - Medium/Short Grain Types Missouri | CBOT | November Rice | $0.255 per pound | 0.11 |
DISPOSAL DATE
December 31, 2023